Which of the following statements best describes the term limited liability An alternative foregone because a particular course of action is pursued Protection against losing more than their original investment The difference between the book value of assets and the book value of the liabilities Resources utilized to align managerial goals with shareholder goals An abstraction from reality

Question

Which of the following statements best describes the term limited liability  An alternative foregone because a particular course of action is pursued Protection against losing more than their original investment The difference between the book value of assets and the book value of the liabilities Resources utilized to align managerial goals with shareholder goals An abstraction from reality

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Question

Which of the following statements best describes the term limited liability? An alternative foregone because a particular course of action is pursued Protection against losing

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		An alternative foregone because a particular course of action is pursued
		Protection against losing more than their original investment
		The difference between the book value of assets and the book value of the liabilities
		Resources utilized to align managerial goals with shareholder goals
		An abstraction from reality